Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 40.46

+1.7%

3:59 PM EST

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To: Ken Sammut who wrote (548)	1/10/1998 10:21:00 PM
From: Don Kelly	Read Replies (1) of 4155

From a TA standpoint, CNC previously had strong support at about 42.50. On Friday, support collapsed when the stock closed around 40. It appears the next support level may be ~37; if that fails, ~35. Keep a close eye on CNC Monday. A further drop would confirm the stock itself is breaking down, rather than just being a temporary victim of the general market decline. Any chartists out there agree or disagree? BTW, here's a site that reports "blind" (computer generated) TA, which for the first time is calling CNC a short candidate: suretrade.stkwtch.com

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